Florida's Governor DeSantis does it again!
Watch this video of Ronny D explaining how he's going to use all of his possible leverage to make sure that Twitter doesn't tank the company in an effort to stifle Elon Musk's hostile takeover.
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The state of Florida and our pension system, we have shares of Twitter. I didn't buy it, we have people that run the fund, but nevertheless it hasn't exactly been great in returns on investment, I mean it's been pretty stagnate for many, many years.
So, nevertheless, I think to me that's an injury to the fund, so we're gonna be looking at ways that the state of Florida can, potentially, be holding these Twitter Board of Directors accountable for breaching their fiduciary duty.
So stay tuned on that.
The crowd literally gasped when DeSantis revealed that they were looking for ways to pressure Twitter into doing the financially right move and allow Elon Musk to buy Twitter.
Twitter's Board of Directors has a choice.
- Do the financially smart thing and allow Musk to buy Twitter, thus fulfilling their fiduciary duty and making a decision that's best for the shareholders.
- OR be openly political and censorious, buy into "stakeholder capitalism" and forget the shareholders, and block Elon Musk's takeover, and tank the stock of the company.
Elon had them over the barrel with his original offer and the possibility of a class-action suit by shareholders if Twitter made the wrong choice.
Now, DeSantis and the state of Florida (and who knows who else) will be using their available means to help Musk facilitate the flourishing of free speech.
Keep popping that popcorn!
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